Cohort members, this second week of our work together has us looking at economic theories of property, some of which will seem familiar yet different.
Cohort members:
This week, I’d like you to continue your reading starting with Chapter 4 Section IV in our text (“An Economic Theory of Property”) on page 81 of the text (page 96 of the PDF). Stop when you each the start of Chapter 4, Section VI on page 102 of the text (page 117 of the PDF). Here we take on the Nobel-winning Coase Theorem. That theorem looks to economic efficiency as a basis to resolve actual and potential legal disputes.
Discussion questions 1 and 2 for Week 2: Answer Question 4.3 on page 86 of the text (page 101 of the PDF). When you have answered Question 4.3, tackle Question 4.4 and compare and contract your answer in 4.4 with your answer in 4.3.
Continue your reading on page 112 of the text (page 112 of the PDF). Continue your reading through the end of section B at the top of page 150 of the text (page 165 of the PDF). Here, we deal with broader issues of property law and economics.
Discussion question 3 for Week 2: Answer Question 5.14 page 142 of the text (page 157 of the PDF). This question will push you to look at cooperative enterprises through your own national lens. This question will have you look primarily inside your own experiences and systems.
Through the questions this week I believe we will all learn a lot about the differing forms of economic dispute analysis and enterprise operations. I especially look forward to your replies to all three questions.
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